JUNE 18- The Wall Street Journal announced "substantial job cuts and shifting of resources into digital media efforts and core coverage areas."
The Journal's own coverage reported that "Gerard Baker, editor in chief of Dow Jones and The Wall Street Journal, said the purpose of the moves was a 'full transformation of our newsroom with a bold but simple aim: to become the premier digital news organization in the world.' He added, 'This process will require us to discontinue some of our activities while investing more in others.'"
The Journal's own coverage reported that "Gerard Baker, editor in chief of Dow Jones and The Wall Street Journal, said the purpose of the moves was a 'full transformation of our newsroom with a bold but simple aim: to become the premier digital news organization in the world.' He added, 'This process will require us to discontinue some of our activities while investing more in others.'"
Before the announcement, WSJ staff had already been cut to 1800 from 2100 over five years.
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